Duckwall-ALCO names new SVP, CFO

September 23, 2010

ABILENE, Kan. - Duckwall-ALCO Stores announced that Wayne Peterson has joined the company as SVP and CFO, effective Sept. 20.

Peterson has 30 years of experience in the retail industry, most recently as CFO of Minyard Food Stores, based in the Dallas-Fort Worth area. He began his career as a financial analyst with Jewel Food Stores and progressed to CFO positions at Buttrey Food and Drug Stores Company, Copelands' Enterprises Inc., Homeland Holding Corporation, and then Minyard.

"We are excited to have Wayne Peterson join our company as CFO. Wayne's extensive experience in retailing will be a strong addition to our senior management team as we continue to make important improvements in store operations, systems of accountability and financial performance," said Rich Wilson, president and CEO.

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